There Will Be 14 More Private Bakeries

Villages adjacent to Baku will not only be provided with their own bread, but will also ship it to the nearby settlements.

This will be possible after the commissioning of eight mini-bakeries of the total design capacity of 123.5 thousand tons of bread per year. Their construction projects have been approved by the National Fund for Entrepreneurship Support (NFES). Local entrepreneurs, who took the initiative, were awarded a total of 6 million manat.

LLC Khazri TN has already begun the erection of one of these plants in the village Ahmedly due to a one-million soft loan. They have imported advanced equipment, and anticipate the introduction of advanced European technology. The population of the neighborhoods in the middle of the autumn will be provided with daily 140 tons of bakery products - the leadership of the company believes.

Overall, in order to compete in bread production, 14 such units will open of the total design capacity of 156,300 tons per year. For this the fund has issued 13.1 million manat.

In the seven months of this year NFES funded 1,546 investment projects, of which 332 occurred in the vicinity of the capital. The total amount of the allotted loans was 127.9 million manat. These funds helped to build greenhouses, storages, refrigeration units, poultry farms, meat and dairy plants, including farms and slaughterhouses, furniture factories and so on.

According to the chairman of the fund Shirzad Abdullayev, these companies will employ 6,400 production workers.

At the time of writing the information 19 entrepreneurs from the suburban settlements were issued 1.3 million manat of concession loans in Turkan of the Absheron district. - 17D-